Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.
CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Governments stance on cryptocurrencies.
The reason why bitcoin is falling because of in this earth they allot of crab mentality. When the value of bitcoin reaches the moon last December. All the crab mentality people come out. Sorry to say that but the real reason Facebook ban all the crypto because they have a plan to create similar on the bitcoin. The government also came out. Now they build a regulation they want to make every transaction of all the crypto will be recorded and others hidden agenda.
I am optimistic that the price will increase even more after a few months because history will just repeat itself just like what happened last year, there are people last year who are spreading fud that bitcoins might die but still it managed to reach $20k dollars before the year ends.